X-Terra Resources Inc. (XTT) 2012年年度报告「TSX-V」.pdf

1、 ANNUAL REPORT 2012 1 X-TERRA RESOURCES CORPORATION(an exploration stage company)(the“Corporation”or“X-Terra”)MANAGEMENT DISCUSSION AND ANALYSIS(“MD&A”)FOR THE YEAR ENDED DECEMBER 31,2012(the“Period”)The following managements discussion and analysis of X-Terras operating results and financial positi

2、on follows rule 51-102A of the Canadian Securities Administration regarding continuous disclosure for reporting issuers.It is a complement and supplement to the Corporations consolidated financial statements and related notes for the year ended December 31,2012 and should be read in conjunction with

3、 the audited consolidated financial statements for the years ended December 31,2012 and the related notes thereto.The Corporation prepares its financial statements in accordance with International Financial Reporting Standards(“IFRS”),The audited consolidated financial statements for the year ended

4、December 31,2012 have been prepared in accordance with IFRS applicable to the preparation of financial statements,including comparative figures.Unless otherwise indicated,all amounts in this MD&A are in Canadian dollars.Management is responsible for the preparation of the consolidated financial stat

5、ements and other financial information relating to the Corporation included in this report.The Board of Directors is responsible for ensuring that management fulfills its responsibilities for financial reporting.In furtherance of the foregoing,the Board has appointed an Audit Committee composed of f

6、our directors,three of whom are independent and not members of management.The Committee meets with management and the auditors in order to discuss results of operations and the financial condition of the Corporation prior to making recommendations and submitting the financial statements to the Board